solve with working: Erie Technology has the following balance sheet:Current Assets $ $7,500,000$ Accounts Payable $ $6,400,000$Fixed Assets $10,800,000$ Notes payable $2,900,000$Subordinated Debentures $3,500,000$Total Debt $ $12,800,000$Common Equity $5,500,000$Total Assets $ $18,300,000$ Total Liabilities & Equity $ $18,300,000$The trustee$$s costs total $$2,200,$ and the firm has no accrued taxes or wages. Thedebentures are subordinated only to the notes payable. Calculate the specific amount dueand $\%$ of claim received for each creditor and investor class if the company goesbankrupt under the following conditions.a$.$ A total of $$15\mathrm{.}4$ million is received from sale of the assets.b$.$ A total of $$6\mathrm{.}7$ million is received from sale of the assets.